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katiemarie katiemarie
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A year ago
The following figure shows two aggregate production functions.




Refer to the figure above. Which of the following best describes the difference between aggregate production functions 1 and 2?

▸ The returns for increases in physical capital stock are higher in function 1.

▸ Physical capital stock is higher for function 1.

▸ Human capital is higher for function 1.

▸ Better technology is employed in function 1.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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nenialindanenialinda
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A year ago
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katiemarie Author
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A year ago
This helped my grade so much Perfect
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Helped a lot
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Thanks for your help!!
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